Emerging Trends to Drive Commercial Catering Equipment Market Growth at 5.8% CAGR Through 2029

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Commercial Catering Equipment Market Size Growth Forecast: What to Expect by 2025?
The market size of commercial catering equipment has seen robust growth in the past few years. It is anticipated to expand from $12.03 billion in 2024 to $12.66 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. The historical growth is credited to factors such as rising disposable income, expansion of the global hospitality and tourism industry, migration of people to urban regions leading to increased demand for food services, thus escalating the requirement for commercial catering equipment in eateries and similar food services. Additionally, the growth is also driven by a surge in the number of restaurants, cafes, and quick-service food arenas.

How Will the Commercial Catering Equipment Market Size Evolve and Grow by 2029?
The market size of commercial catering equipment is predicted to witness robust expansion in the coming few years, reaching $15.83 billion in 2029, with a compound annual growth rate (CAGR) of 5.8%. This anticipated surge can be linked to an increased focus on sustainability, rising demand for equipment that promotes hygiene and food safety, the growing popularity of cloud kitchens, accelerated urbanization, and escalating energy expenses. Key trends expected for the forecast period consist of the incorporation of the Internet of Things (IoT) into commercial kitchen appliances, innovation in manufacturing equipment that conserves energy, appliances with enhanced sanitization functions, emerging technologies such as molecular gastronomy, and intelligent kitchen solutions.

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What Drivers Are Propelling the Growth of Commercial Catering Equipment Market Forward?
The growth of the commercial catering equipment market is anticipated to be driven by the escalating quantity of restaurants. These are places where food and drink are cooked and served to patrons for a fee. The upsurge in the number of dining establishments can be attributed to the heightened demand for eating out, evolving consumer tastes, and shifting lifestyles. The operation of restaurants effectively, the maintenance of top food quality, assuring safety, and efficient cost management all necessitate commercial catering equipment. For example, the National Restaurant Association, a US government agency, reported a noteworthy rise in the quantity of restaurants in November 2024. In 2023, the total number of establishments was 749,404, signifying a 5.7% increase compared to 2022. Consequently, the burgeoning number of restaurants propels the commercial catering equipment market.

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What Are the Key Trends Driving Commercial Catering Equipment Market Growth?
Commercial catering equipment market's leading businesses, such as Lincat and HOUNÖ, are charting new paths by fabricating innovative items like hot holding cabinets to cater to the changing needs of the food industry. Hot holding cabinets, also referred to as warming cabinets or hot boxes, play an essential role in commercial kitchens by maintaining prepared food at a safe, warm temperature until service. Take for example, in April 2024, Lincat, a commercial catering equipment firm from the UK, in collaboration with HOUNÖ, a renowned producer of upscale commercial ovens, launched Invoq ovens. Designed to cope with the shifting requisites of the cooking industry, these Invoq ovens are all set to establish new standards in commercial kitchens with their innovative facilities and design.

What Are the Key Segments in the Commercial Catering Equipment Market?
The commercial catering equipmentmarket covered in this report is segmented -

1) By Type: Food Handling Equipment, Refrigeration Equipment, Food Preparation Equipment, Other Types
2) By Sales Channel: Offline, Online
3) By Application: Restaurants, Hotels, Other Applications

Subsegments:
1) By Food Handling Equipment: Trolleys And Carts, Serving Trays, Food Storage Containers, Transport Equipment
2) By Refrigeration Equipment: Commercial Refrigerators, Freezers, Display Chillers, Ice Machines
3) By Food Preparation Equipment: Mixers And Blenders, Food Processors, Slicers And Grinders, Ovens And Grills, Fryers
4) By Other Types: Dishwashing Equipment, Cooking Ranges And Stoves, Ventilation And Exhaust Systems, Coffee Machines And Beverage Dispensers

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Who Are the Key Players Shaping the Commercial Catering Equipment Market's Competitive Landscape?
Major companies operating in the commercial catering equipment market are Middleby Corporation, Franke Holding AG, Hoshizaki Corporation, Welbilt Inc., Electrolux Professional AB, Rational AG, Bizerba SE & Co. KG, ITW Food Equipment Group, Henny Penny Corporation, Fagor Industrial, Hatco Corporation, Alto-Shaam Inc., Lincat Limited, Imperial Commercial Cooking Equipment, Turbo Air Inc., MKN Maschinenfabrik Kurt Neubauer GmbH & Co KG, Robot Coupe, Waring Commercial, Kent Catering Equipment, Koolmax Group Ltd.

What Geographic Markets Are Powering Growth in the Commercial Catering Equipment Market?
North America was the largest region in the commercial catering equipment market in 2024. The regions covered in the commercial catering equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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